The crash right now as as big as the Mt. Gox collapse - but faster

[BitcoinFrik]

Right now the Bitcoin price is down 33% from the peak only 5 days ago

The largest previous impact was the Mt. Gox collapse in 2014. As per wikipedia: "From 1 February 2014 until the end of March, during the period of Mt. Gox problems, the value of bitcoin declined by 36% "

So this means the crash today - which is still ongoing with prices declining - is as big an impact, but has happened in only 5 days versus 2 months for Mt. Gox.

...and the price is still going down....

The price had to go down after what happened in the past weeks. It's healty for Bitcoin and it had happened in the past with all cryptos, including BTC!

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[EvilKingfisher55]

It is now time for new investors to come for the price have come down big. I guess, it was done to give place to new investor to come in and join us. LOL

[leonix007]

This change has also something to do with holiday season and most probably spending money for others and Fear to lose their money, It is now the advantage of True Trader, so honestly, time to buy people.

I'll go again get my popcorn

[coinycoiny]

This change has also something to do with holiday season and most probably spending money for others and Fear to lose their money, It is now the advantage of True Trader, so honestly, time to buy people.

I'll go again get my popcorn

but it will be cheaper tomorrow

[EvilKingfisher55]

This change has also something to do with holiday season and most probably spending money for others and Fear to lose their money, It is now the advantage of True Trader, so honestly, time to buy people.

I'll go again get my popcorn

but it will be cheaper tomorrow

If you are afraid then go and do panic selling. If you think the profit you have is enough, then better cash in right. There is still a probability it will still go down tomorrow.

[NeuroticFish]

Mt.Gox was merely the trigger point for a long and protracted downturn, so yes you can compare it.

If you do compare them, then it means you want the crypto scene get into a long recession. Because Bitcoin is not alone.
I think that it's not the case. I am more concerned on when the recovery starts.

Maybe all you want is to milk these markets, but if another Gox happen you'll have nothing to milk for years.
But it's a good moment to scare the shaky hands for some extra bucks, right?

[EvilKingfisher55]

LOL, I think he just wanted to create a panic selling to be able to invest in bitcoin at low price. I don't think bitcoin will crash anytime soon. It will dump but will also pump. The problem is we can't figure when this will happen.

[ekateriinae]

im more gladly to see bitcoin prices dropping rather then climbing high so fast and crash eventually..

[dagon666]

I think we are just appreciating cheap buy in prices on the Christmas period after a couple of stunts from Coinbase and Bitcoin.com - Wait until the new year, Bitcoin is going to hit new heights!  Look forward to 100K in 2018! 

[EvilKingfisher55]

Its better to buy some coins right now while the price of bitcoin is at low. That way, you can earn a lot of profit the price start pumping again. Hehe

[shintosai]

I think we are just appreciating cheap buy in prices on the Christmas period after a couple of stunts from Coinbase and Bitcoin.com - Wait until the new year, Bitcoin is going to hit new heights!  Look forward to 100K in 2018! 

Positive points of view will bring this coin to a new height, bitcoin as we knew it always bouncing back and surprising very time it moves, I don't have any idea what can be the next value after the new height but I'm always positive that it will bring good value after this year.